Wednesday, June 28, 2006

“we feel we have a copy of tomorrow’s newspaper.”

William Weidner, President and COO of Las Vegas Sands is currently presenting at the Bank of America Securities 2006 Gaming Conference in Vegas.

It’s what you would expect it to be: a rah-rah about the company’s success in Vegas and how it’s put them in a position to “seize market leadership” in Asia; particularly, Singapore.

“We feel we have a copy of tomorrow’s newspaper,” he said, referring to the Venetian’s map for success in Vegas.

The U.S. gaming industry is moving into the Asian market pretty rapidly, there’s no secret about that, and it’s moving that way with good reason. He spoke glowingly of a captive audience in Singapore that “loves to game.” (notice he did NOT say ‘gamble’.)

Las Vegas Sands is doing well, as it is building a new, luxury hotel wing at the Venetian, The Pilazzo.

Business is good for Las Vegas Sands (they're trading at just under $70 a share right now.).